Overview of PTbanc Review:
PTbanc claims to be a CFD and Forex broker with customers from around the world. Just like this lie, the company proceeds to flood their website with a series of lies that we will be discussing and posting red flags on in this PTbanc review about the PTbanc scam. Furthermore, if you have been thinking of trading or investing with PTbanc, do not proceed further without reading this review.
About PTbanc:
In this section, we bring to you detailed explanations as to why the demands and offers made by PTbanc are problematic and scam-like. We will also be pointing out all the red flags raised in this article regarding the PTbanc scam.
PTbanc Regulations:
We assure you that you will be drowned in shock when you hear about all the lies PTbanc has claimed regarding their regulation. On their website, PTbanc states that they are based out of Luxembourg and that they have regulation from the regulatory authority of Luxembourg. However, what is shocking is that the Commission de Surveillance du Secteur Financier (CSSF), which is the regulator of Luxembourg, released a warning against PTbanc stating the company to be a scam. From this, it is pretty clear that PTbanc is not regulated under any of the regulators. Furthermore, the Financial Conduct Authority or the FCA of the UK also blacklisted PTbanc when they noticed that this scam broker is trying to target the people of the UK. This raises the first red flag against the PTbanc scam in this PTbanc review. We must never invest or trade with a broker that does not have a valid license from any of the top-tier regulators around the world. If this point about PTbanc is not enough for you to agree that PTbanc is a scam, here are a few more.
PTbanc Trading Software:
PTbanc uses its own choice of trading software that has been claimed to be designed by the company itself. Instead of going for the industry’s leading software such as the MT4 or the MT5, the choice of PTbanc is clearly poor and suspicious. Furthermore, the trading platform is very flawed and does not offer any kind of advanced features that are offered by many other legit brokerage firms. This raises yet another red flag against the PTbanc scam in this PTbanc review.
PTbanc Minimum Initial Deposit and Spreads:
The minimum initial deposit offered by PTbanc gives birth to yet another red flag against the scam this company is running. In order to open an account, PTbanc demands a minimum deposit of 1000 USD. This is very high for a minimum deposit and a clear sign of a scam. Furthermore, PTbanc offers the traders a spread of 3 pips as compared to the average of 1.5 pips. This is yet another red flag against the PTbanc scam in this PTbanc review.
Conclusion: Is it a Scam or Legit?
In order to sum up all that has been said above, we can safely conclude that PTbanc is a complete scam. We request our readers to conduct proper research before putting their money in for trade or investment. If you find this review helpful, make sure you leave a comment and share it with your loved ones to save them from a scam as well!
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